(a) How much is the concentration ratio in the industry shown in Table 3? (b) Calculate the...
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(a) How much is the concentration ratio in the industry shown in Table 3?
(b) Calculate the Herfindahl – Hirschman index in this industry.
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TABLE 3 Firm 1234567 7 Market Share 30% 20 20 10 10 5 5
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